Peter St Onge, Ph.D.
@profstonge
It’s official: Inflation is soaring while the economy grinds to a halt.
As Business Insider put it, “The US economy may be barreling towards stagflation, an outcome worse than recession.”
Last time they screwed up this bad we got years of double-digit unemployment *and* double-digit inflation. It only ended with a brutal Fed-engineered recession that cost Jimmy Carter the 1980 election.
Will history repeat?
VIDEO: https://twitter.com/i/status/1785285077208846671
